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The development of technology is so fast to make bitcoin increasingly recognized in Indonesia . Bitcoin is also increasingly recognized as Fed chairman Ben Bernanke said the central bank does not have the authority to oversee the virtual currency . However, according to Bernanke , the virtual currency is considered quite promising for the future . This was due to the promotion of innovation is so fast , it’s safe , and more efficient payment system .

This Bitcoin was first recognized in the United States and Europe . However, developments in the European bitcoin is not very developed rapidly , unlike in the United States . Society developed countries is more rapid adaptation to the bitcoin recall information technology literate society .

There is not yet clear when the bitcoin start time was first used in Indonesia . Possible bitcoin becoming known in Indonesia in late 2013.

Oscar said , bitcoin entered Indonesia through the network miner or miners .

This results in a bitcoin miner using their computers . To generate bitcoin is not easy and requires a long time . The miners usually have tools to speed up access to get bitcoin .

The number of bitcoin is limited to only about 12 million bitcoin . Bitcoin will produce about 25 bitcoin in every 10 minutes .

Oscar added , use bitcoin in Indonesia, more as an investment tool than a means of payment . If overseas , bitcoin is indeed used as a means of payment . Some merchants ( online stores ) abroad can receive bitcoin .

Oscar said , bitcoin can be regarded as an investment tool as it enjoys a profit from the price movement bitcoin . He likened it as foreign exchange bitcoin .

He also thinks , bitcoin is very interesting especially in limited supply while demand is rising . So it’s likely that there is a possibility bitcoin prices continue to strengthen .

Bitcoin can be used as a means of payment by using bitpay.com . The company serves the bitcoin payment services .

” Payment gateaway is now in the United States are deeply trusted by the community . Fact, one investor who is the richest man in Asia , Li Ka Sing to invest U.S. $ 2.7 million to bitpay . ‘s Very interesting because all of the online shop using bitpay then receive payment in bitcoin form automatically changed to U.S. $ so the online shop does not have to bother selling bitcoinnya , ” said Oscar .

Future of Bitcoin in Indonesia

The development of the online stores also support the development of bitcoin . That seems to apply to the development of bitcoin in Indonesia . Moreover, the rapidly growing online retailer in Indonesia . The bitcoin payment transactions are commonly used for payment transactions on the internet when abroad.

With the rapid development of online stores , Oscar optimistic bitcoin can thrive well in Indonesia . Moreover, Indonesia has a large population in the world . The development of e – commerce in Indonesia is also quite encouraging thus supporting bitcoin as a means of payment .

” People like to open an online shop Indonesia , there are currently thousands of online shop in Indonesia , so it is conceivable that the online shop that accept bitcoin as payment gateaway her , then the development of Indonesia’s certainly very bright , ” said Oscar .

Circulation of the largest bitcoin reach 50 % occurred in China , and then followed by the United States reached 35 % . Currently in Indonesia is still less than 1 % .

” We see potential opportunities in Indonesia , and can reach a larger market to reach 5 % , ” said Oscar .

Bitcoin as a Tool to Invest in Indonesia

Oscar rate, the use of bitcoin is used as an investment tool . It was given bitcoin can not be accepted as means of payment in Indonesia . According to Oscar , when used bitcoin has been stable over time to invest then this can be used as a bitcoin payment transactions .

Oscar tells , bitcoin also originally evolved as a means of investing in the United States in two to three years ago .

Indonesian society began to recognize little bitcoin . He considered that the Indonesian people are brave enough to try investing in new media , especially forex brokers who began receiving media bitcoin as a deposit .

Oscar admits , there are currently a number of merchants in Indonesia, which has received the largest bitcoin as marketing community to use as a media bitcoin donations . Then there is also the merchant www.republichost.com
Still Assess BI Bitcoin For Payment

The use of which has widespread use bitcoin as a payment abroad is also a concern of Bank Indonesia ( BI ) . The central bank led by Agus Martowardojo is currently assessing how effective the use of bitcoin in Indonesia, especially the circulation of currency.

BI assess all forms of payment instrument is both physical and e – money must go through the BI permission .

Executive Director of the Department of Communication BI , Difi Johansyah said , there has been no request from any party to use bitcoin as a means of payment .

“In principle , if the money is right there should be a back -up guarantee and also there should be a legal basis for protecting customers . Bitcoin it’s universal nature , unlike the money that is legally regulated circulation in certain areas , so if there ‘s nothing to be clearly in charge and course supervisor must also be there , “he said .

BI was recently found two merchants outside Java already offers the use of bitcoin . However , the BI did not know the value of bitcoin transactions in Indonesia .

Oscar said , it is up to now no matter bitcoin rules governing both in Indonesia and the world . He also welcomed if there is a regulation about bitcoin . With the lack of regulation can make people calmer bitcoin community especially in trading and investment . By rule , it can also support the bitcoin market may be bigger in Indonesia .

Not Gambling , But Like Buy Gold

Oscar denies the claim , bitcoin transactions are gambling . Bitcoin assessed as buying gold . When a fund of Rp 2 million and Rp 10 million , a person can buy with bitcoin files . “If gold can be resold if gambling is not possible to buy a number then sold again , ” said Oscar .

Usually people in Indonesia who are interested in bitcoin is individual . Usually they try to buy bitcoin in scale Rp 10 million to Rp 50 million . If in the U.S. , the investment company may also enter into bitcoin .

“If Indonesia does not get there , there will be time later investment companies enter into bitcoin , ” said Oscar .

Oscar said , usually people get into bitcoin as information technology people and investors who dare to use bitcoin .

Meanwhile , for someone who can transact with bitcoin , Oscar said it received a minimum transaction of Rp 50 thousand .

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